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AI Tech

AI needs more data- and it can’t get it from the supermarket, or the fridge

Written by Ritesh Kant on Digilah (Tech Thought Leadership).

Large Language models (abbreviated as LLMs) require enormous amounts of data for their training and retraining. Estimates suggest that Llama 3 was trained on a training set of 11 Trillion words, ChatGPT 4.0 in the meanwhile needed a paltry training set of 5 Trillion words !!

And that’s not all. Next generation models require data sets that are 10X larger… and so on.

While the possibilities with AI are infinite, we are hence heading towards finitism in the datasets that are needed to explore, and capitalize on, these infinite possibilities.

Why is data so important to AI?

Data is the oil for AI models. The reasons are well documented and can be summarized as follows:

  • Pattern Recognition: Machine learning and deep learning models rely on data to recognize and learn patterns, and then make predictions or decisions.
  • Training: Models use data to map inputs to outputs accurately, which is critical for tasks like classification, regression, and clustering.
  • Feature Learning: Data provides the features (variables) that the models need to learn from, identify features that are significant and their relationship to outcomes.
  • Performance Improvement: A large and diverse dataset helps the models learn a wide range of scenarios and variations, improving its ability to generalize.
  • Evaluation and Validation: Validation and test datasets are used to evaluate the models’ performance and ensure that it is not overfitting.
  • Bias Reduction: Adequate and representative data help in reducing biases in AI models.
  • Adaptation and Updating: Continuous data collection allows AI models to be updated and adapted, and hence continue to be relevant and accurate.

What are the current data sources?

If data is the oil for AI models, the current and known oil wells include the following:

  • The open data common crawl foundation: Consolidated from large scale web crawls, contains a data set of 25 trillion words, 55% of which is non-English. It is to be noted that these data sets are not de-duplicated.
  • Web data not captured by common crawl: Search engines such as Google/Bing, would have crawled a lot more data than common crawl. Much of this data would be long tail (restaurant menus for example) and not relevant for AI training. It is estimated that this could be 2 to 5 times more than the common crawl data set.
  • Academic publications and patent publications: Could probably add upto an additional 1 trillion words. It is to be noted however that much of it is PDF and requires OCR to extract text. Some of it is also behind paywalls.
  • Book archives such as Anna’s archive: Approximately 3 trillion words, most of which is PDF and behind paywalls/logins.

Can we do more to get more data?

Can we dig deeper to get more oil. Feasibly we can, however the law of diminishing returns catches up and a lot of what we would get, for example by more sophisticated web crawls will be long tail data which would not be relevant for AI models’ training.

Another solution is synthetic data. Synthetic data is artificially generated data that mimics real-world data, and is created using algorithms, simulations, or generative models. The challenges with synthetic data are the challenges of quality, validation and de-duplication.

There is hence a crying need for more oil/data. The immense possibilities of the AI industry is synergistic with this

Can data be created afresh – and how?

Can oil be created! In this case it very well can be. The treasure trove of oil, nay data , that AI companies are mining has been created by approximately 1% of the global internet populace. Global internet penetration cascaded from the more developed western world to the lesser developed regions over a period, hence the current data sets also suffer from biases, lack of representation and diversity.

The opportunity to create new data is immense. The global internet user base is approximately 5.4 billion. As a representation of scale of inherent knowledge that this global user base contains, a typical human being at the age of 20 has spoken 150 million words.

Estimates would suggest that the total number of words spoken daily, across languages and regions, is 115 trillion. Compensating for long tail irrelevance and duplication by a factor of 60%, we are still left with a useful super set of knowledge of 45-50 trillion words, daily.

This is the oil that feasibly needs to be created and then mined. The solution is to have a more significant portion of the worldwide internet populace to create this oil, nay data.

Incentivizing internet users to create data that AI models can use needs to be a gradual process that can leverage several levers, some of which are as follows:

  1. Financial Incentives in the form of monetary rewards, profit sharing models offering data/content creators a share of the AI models’ profits, data marketplaces where data/content creators can sell their data/content.
  2. Gamification in the form of points systems, leaderboards and badges, challenges and competitions.
  3. Exchange of value in terms of access to subscriptions, tickets, events etal.
  4. Recognition in the form of community building, recognising contributors and contributions, highlighting social impact, collaborative projects whereby contributors can see for themselves the results of their contributions.
  5. Partnerships and collaborations with academia, academic institutions, AI researchers and corporates (both profit and non profit) that are building AI models.
  6. Ensuring privacy of data and transparency and provenance on how the data/content contributions are being used.

This is a long road, but a mix and match of these approaches can create a compelling playing field for internet users to willingly and actively contribute their data. 

If the data/content so created covers diverse scenarios and populations, the downstream models are less likely to suffer from bias, be more representative and diverse, more performant in decisions and more likely to perform fairly across different groups.

The data/content creation road has been traveled however, most notably by social media platforms. The platforms that take up data/content creation for the significant cause of the AI revolution should inculcate some best principles from the social media evolution, encyclopedias such as Wikipedia and Fandom, Ask me anything platforms such as Quora along with web3 principles of incentivization and decentralization. We owe this much to all the possibilities inherent to AI.

References

  1. https://www.educatingsilicon.com/2024/05/09/how-much-llm-training-data-is-there-in-the-limit/#shadow-libraries
  2. https://x.com/mark_cummins?s=11&t=QSarIO-G0B2E9idaCl1HDA

Most asked questions

How many words are required to train present day LLMs?

Estimates suggest that Llama 3 was trained on a training set of 11 Trillion words, ChatGPT 4.0 needed a paltry training set of 5 Trillion words.

What is the average number of words we speak?

A typical human being at the age of 20 has spoken 150 million words.
Estimates suggest that the total number of words spoken daily, across languages and regions, is 115 trillion.

How many people use internet?

The global internet user base is approximately 5.4 billion.

Most searched queries

Large Language Model (LLM)

ChatGPT 4.0

Optical Character Recognition (OCR)

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Categories
AI Res

The Transformative Role of Artificial Intelligence in Engineering

Written by Amar Kumar on Digilah (Student Tech Researcher)

I am Amar Kumar, pursuing BTech in chemical engineering from IIT Guwahati. Being a first-year engineering student and a tech enthusiast, I am in awe of the drastic ways technology has and continues to shape the future of engineering. Among the most revolutionary innovations, Artificial Intelligence stands out as a transformative force that is reshaping the engineering landscape. From optimizing processes to enhancing decision-making, AI has proven to be an invaluable model in the field of engineering.

https://www.ibm.com/blog/wp-content/uploads/2023/03/What-is-Generative-AI-what-are-Foundation-Models-and-why-do-they-matter-scaled.jpg

In the engineering sector, design and simulation play a pivotal role in product development and problem-solving. AI-powered algorithms have significantly enhanced these processes, making them faster and more precise. AI can analyse large amounts of data to identify patterns, optimize designs, and stimulate real-world problems with accuracy. 

With AI-driven generative designs, engineers can now explore countless design possibilities, leading to innovative solutions that were previously difficult to comprehend. This expedites the prototyping phase and ultimately reduces time-to-market for the products.

The introduction of automated systems, such as self-driving cars and unmanned aerial vehicles (UAVs), only became possible due to advancements in AI and machine learning. Engineers in the sectors of automotive and aerospace industries are at the forefront of developing such technologies. 

By combining computer vision, sensor fusion, and decision-making algorithms, automated systems can navigate complex environments, adhere to traffic rules, and adapt to changing conditions. The potential benefits of these systems are vast, ranging from increased road safety to improved logistics and efficiency in transportation. One of the best example for this is the car Tesla of CEO Elon Musk.

AI’s influence has also extended into other sectors such as healthcare, overseeing a revolution in aspects like diagnosis, treatment, and patient care. AI algorithms can analyse large datasets to identify potential drug candidates and optimize treatment plans while AI-powered medical imaging has increased accuracy in identifying diseases, viruses, mutations and abnormalities. 

In biomedical engineering, AI-driven simulations aid in designing medical devices and prosthetics, resulting in better patient outcomes and improved quality of life.

https://elearningindustry.com/wp-content/uploads/2023/03/shutterstock_736694506.jpg

In an era of growing environmental concerns, engineers are tasked with finding sustainable solutions to pressing global challenges. AI has played a crucial role in fostering eco-friendly practices across industries. For instance, it has enabled smart energy grids that optimize energy distribution and consumption. 

AI algorithms can predict energy demand patterns, allowing for efficient allocation of resources and reducing waste. Additionally, AI is used in environmental monitoring to track air and water quality, enabling early detection of pollution and facilitating remedial actions.

As a tech enthusiast and engineering student, I am incredibly excited about the role Artificial Intelligence will play in shaping the future of engineering. From transforming design processes to enabling automated systems and promoting sustainability, AI has opened a door to new possibilities and challenges for engineers across the globe.

As technology continues to advance, it is imperative for aspiring engineers to embrace AI as a powerful tool in their arsenal. By harnessing the potential of AI responsibly, engineers can drive innovation and create a more efficient, sustainable, and technologically advanced world for   generations to come.

https://www.inteliment.com/wp-content/uploads/2021/05/44-The-Real-Skills-to-Become-an-Artificial-Intelligence-Engineer-1.jpg

Most asked questions

How is AI used in environmental monitoring?

AI is used in environmental monitoring to track air and water quality, enabling early detection of pollution and facilitating remedial actions.

How AI supports the field of biomedical engineering?

In biomedical engineering, AI-driven simulations aid in designing medical devices and prosthetics, resulting in better patient outcomes and improved quality of life.

Most searched queries

Unmanned Aerial Vehicles (UAVs)

Computer vision

Sensor fusion

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Categories
Mar Tech AI Tech

Transforming Marketing using Generative AI

Written by Shivani Koul on Digilah (Tech Thought Leadership).

As marketers, we fundamentally learn about the 4 Ps of Marketing: Product, Price, Place, and Promotion. Later, three more Ps were added: People, Process, and Physical evidence. Whatever we do revolves around the customer.

AI will disrupt all the Ps in many ways going forward, and many times there is an argument: will that take jobs? My assumption is that it will take non-productive jobs and give space to marketers to work on something newer, something smarter.

This is the role of technology! To assist humans in making the best possible product, but never forgetting that “human touch”. Marketing is all about creativity, empathy, and understanding human behavior. Successful marketing needs originality and a creative spark only humans can possess.

Having said that, a 2020 Deloitte global survey of early AI adopters showed that three of the top five AI objectives were marketing-oriented: enhancing existing products and services, creating new products and services, and enhancing relationships with customers.

The main job of any marketer is understanding the need of the customer, matching it with the offerings like product and services, and persuading the customer to buy the product and service. 

This looks simply, a 3-step process, but there are a lot of critical steps & information involved in-between where marketers must analyze a lot of data and tweak the marketing strategy accordingly.

Let’s discuss it here with some real-time examples and see how marketers are using AI to support them.

1. Content Marketing –

Currently, AI can help in customizing the marketing content like product information, email writing, blogs, marketing messages, and copywriting. All this can be done using open AI tools available and should work on simple prompts.

With machine learning, this data can be used further for creating sales pitch, cross-selling pitch, customer engagement, last-minute deal or offer by considering different variables like demographics of the target consumer, behavior, demographic, along with deep analysis of the impact of communication. Example AI tools.

2. Data Analytics –

Slicing and dicing of data was done earlier as well, but AI has taken it to the next level where one can get predictive analysis and prompts/suggestions to enhance the content/marketing campaign. 

Customer data like preferences, engagement, status as in which ladder of purchase funnel the customer and CRM, and that gives space to marketers for redefining the market strategy. Example CRM tools.

3. Search Engine Optimization –

This has been a game-changer with real-time examples like Google, Netflix, and other search engines. This will help segmentation of customers and suggest target advertising. This has also helped marketers to leverage cross-functional platforms.

So, if you search for some product on Amazon and open any social media like Instagram or Facebook, you will see recommendations of the same or similar products on that platform as well. By doing this, marketers can enhance the recall value of products or services.

4. Placement of advertisement –

This has been very important: where to post an advertisement for the best ROI. AI has made it easy to target or place advertisements based on consumer data like purchase history, preference, and context of purchase. 

Example Google/YouTube advertisement.

5. E-commerce and Digital Marketing –

AI has been widely used by e-commerce websites and digital marketing to reach out to the right customers, understand their needs and buying patterns, and automate marketing workflows and course correction of marketing efforts which otherwise would have taken a lot of resources. Example any AI-enabled fitness app.

AI can be a game-changer in many ways, but Human decision-making is typically reserved for the most consequential questions, such as whether to continue a campaign or to approve expensive TV ads.

Training your algorithm enough that it should give expected results, training algorithms with correct prompts, and above all, safety and security of data.

Data privacy is going to be of utmost importance for AI. Clear and transparent policies need to be drafted against data security and privacy.

I believe AI is like a child which needs to be trained to become a responsible assistant; hence humans have a greater role as to how they are raising this child to serve mankind. 

As marketers continue to embrace AI technologies, they must strike a balance between innovation and ethical considerations, leveraging AI’s capabilities to enhance customer experiences while upholding trust and transparency.

References:

https://hbr.org/2021/07/how-to-design-an-ai-marketing-strategy

Most asked questions

What are the 4 P’s of marketing?

4 P’s of Marketing: Product, Price, Place, and Promotion. Later, three more P’s were added: People, Process, and Physical evidence. 

What is the key to successful marketing?

Successful marketing needs originality and a creative spark.

How is machine learning serving the marketing industry?

With machine learning, data is used for creating sales pitches, cross-selling pitches, customer engagements, last-minute deals, or offers along with deep analysis of the impact of communication.

Most searched queries

Machine learning

CRM (Customer Relationship Management)

SEO (Search Engine Optimization)

ROI (Return on Investment)

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Categories
Med/Health Tech AI Tech

Unleashing Human Potential Through AI

Written by Dr Suresh Devnani on Digilah (Tech Thought Leadership).

The Automation Revolution

We stand at the crest of a tidal wave of technological disruption. Artificial intelligence is automating tasks that have consumed our productive hours for decades: data entry, analysis, manufacturing, and creative work. AI systems can now shoulder the repetitive drudgery, freeing our time and consciousness for higher pursuits.

Leading companies have already embraced this automation revolution. At JPMorgan Chase, AI models now handle mundane tasks like data entry and document processing, saving the bank 360,000 hours of work annually. Pharmaceutical giant Novartis uses AI to crunch massive datasets and rapidly identify promising new drug candidates based on molecular interactions. 

Embracing Our Humanity

Rather than viewing AI as a threat, we should welcome it as a liberating force to help us reclaim our humanity. By offloading rote labor to intelligent machines, we can redirect our energy toward the uniquely human capacities that spark innovation, deeper connection, and meaning.

An Abundance of Possibility

AI is gifting us a precious new resource: time. Imagine an extra 20–30 hours per week because tedious tasks were automated by intelligent systems. How might you spend that liberated time?

You could finally nurture creative passions—painting, music, and writing. Be truly present with loved ones on adventures over heartfelt conversations. Prioritize nourishing self-care like exercise, cooking nourishing meals, and mindfulness practices.

AI handles the draining, obligatory labor that consumes so many hours. In doing so, it provides the ultimate modern luxury: abundant time to experience the simple joys that light up our human spirits. We regain the spaciousness to live each day with more intention, purpose, and richness.

The automation revolution doesn’t just optimize productivity. It alchemizes our most limited resource into an abundance of what makes us feel vibrantly alive. How will you spend this reclaimed gift of time?

Catalyzing a New Renaissance

Some fear AI will make us lazy, unskilled, and purposeless. However, unburdened from menial, robotic toil, we’re empowered to cultivate the loftier capacities that only we possess: abstract reasoning, emotional intelligence, and radical ingenuity. AI could catalyze an explosive renaissance across the spheres of human inquiry, creation, and growth.

Consider how Pfizer adopted natural language processing AI to scan millions of genetic databases and academic papers, accelerating the identification of a potential drug target for COVID-19. Augmented by AI’s analytical scale, human scientists and physicians can rapidly unearth insights that dramatically accelerate innovation.

Uplifting Society’s Masses

Most transformative, AI-driven production efficiencies and abundance can economically uplift millions globally from the cycle of empty labor performed solely for survival. By making the essentials of comfortable living affordable for all through advanced AI systems, we expand access to quality education, creative leisure, and self-actualization for humanity’s masses—key drivers of cooperation, societal flourishing, and progress.

Human Skills for the AI Age

But to truly thrive in this era, we must cultivate the vital human skills that intelligent machines cannot yet replicate: creativity, emotional intelligence, adaptability, grit, and a sense of higher purpose.

As “The Happy Doctor,” I’ve spent 28 years helping thousands of professionals across six continents unlock these capacities through science-backed strategies blended with spiritual wisdom and transformative frameworks. Top companies like AC Delco, Continental, Qualcomm, Fitness First, Commonwealth Bank & Trust Company, ITC Hotels, Famous Amos, and Kawasaki covet my guidance to inspire thriving, engaged, innovative cultures amidst the uncertainties of technological upheaval. 

Rekindling Human-Centered Living

Ultimately, the rise of AI beckons a revival of human-centric living. As intelligent systems take on ever more obligatory labor, we gain the freedom to mindfully sculpt our days and energies with greater intention. We rekindle imagination, emotional depth, and purposeful presence—the wellsprings of rich, vibrant, and meaningful living. AI is not a threat, but an invitation to reconnect with the essence of our humanity.

The future made possible by AI is wondrous if we have the wisdom to embrace its liberating possibilities. Let’s harness this powerful technology not just for the sake of automating efficiencies but as a catalyst to unleash the highest, brightest, and most joyful expression of our human potential. 

A testimonial for my work I would like to share: Happiness Hero Sparking: A Global Awakening

One conversation with Suresh and his vibe is infectious—you’ll see why he’s called “The Happy Doctor.” This pioneering thought leader blends spiritual wisdom, science, and transformative methods to awaken human excellence amidst technological change. Suresh has ignited tens of thousands across six continents, proving happiness is an essential skill we can cultivate. His work unlocks creativity, resilience, and boundless potential—key qualities companies need to thrive.

Most asked questions

How is AI helping the banks?

At JPMorgan Chase, AI models now handle mundane tasks like data entry and document processing, saving the bank 360,000 hours of work annually.

How much time does AI help us to save weekly?

AI can help us save 20-30 hours per week and gifts us a beautiful opportunity to upskill ourselves.

What is the purpose of Pfizer?

Pfizer is an American multinational pharmaceutical company. It also took the initiative to produce vaccines against the COVID-19 pandemic.

Who is known as “The Happy Doctor” and why?

Dr. Suresh Devnani is called “The Happy Doctor.” He is a tech thought leader who blends spiritual wisdom, science, and transformative methods to awaken human excellence amidst technological change.

Most searched queries

Novartis

Pfizer

Artificial Intelligence

Emotional Intelligence

Automation revolution

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Categories
AI Res

The Human Brain VS Artificial Intelligence

Written by Sharnaya Panag on Digilah (Student Tech Research)

I am Sharnaya Panag, a graduate of O. P. Jindal Global University with a Journalism and Communication degree. I am fascinated by the hold machine and IoT has on our species, knowing that what has become of us, cannot be undone. My greatest interest is understanding and writing about our Psyche and the future we will create for ourselves.

Can mankind’s unquenchable thirst to make life easier lead to our own downfall?

It was around 5 million years ago that for the first time, the planet witnessed the breakthrough of sentient life. Nature created a species so astute, one that would never act on behalf of the will of the planet, but the will of itself.

Since Man’s inception, there has been one thing that has remained constant throughout our history. If the past has shown us one thing it is that humanity will go to great lengths to create a life of increasing comfort.

We have a very deep connection with our past, as our ancestors left behind a trail of evidence to help us decode our history. The more we read, the more it helps us to communicate with the past. 

One can take a look through manifold scriptures, some pieces of literature or even just a page out of a diary, and for a moment the reader gets to delve into the mind of somebody who lived ages before they did.

This highlights the significance of reportage, why is it so important for us to report? Not just for the present, to spread awareness, but also to leave proper documentation for the future to analyse, just as we have been doing with documents of the past, trying to connect the dots of history.

Over the course of our time, man has remained invested in breaking through to new technological advances to make everyday life easier. 

Machine was created to cut down on physical labour and for the first time, the world saw the mass production of goods in rapid time.

Fast forward to 2023, and we are now sitting in a world entirely supported by machine. The time of self-sufficiency is over. In our society, our lives wholly revolve around them for the sake of our comfort. 

Phones, laptops, cars, aeroplanes, trains, ATMs, air conditioners, and heaters, are just a few appliances we use on a daily basis, without which the lives of many would crumble.

However, the invention that completely altered the course of our evolution would be the invention of the internet. 30 years ago, on the 30th of April, 1993, the World Wide Web was made accessible to the public.

It crept its way to every nook and cranny it could and now trillion gigabytes of data are in the hands of each and every human being that can afford to access it. The overall pace picked up by humanity seemed to be quicker than ever before.

This, of course, was also not enough. Mankind is always willing to test its limits. Hence came the next chapter, the creation of an artificial body, an entity in itself. The creation of machine to decrease physical labour felt inadequate. 

Man wanted life to be effortless, we consider ourselves so superior, that we refuse to even think for ourselves, therefore the creation of Artificial Intelligence. The most popular example of this would be Chat GPT, launched on the 30th of November, 2022, an AI created to help people structure their thoughts and opinions into words not written by themselves.

Artificial Intelligence is a body that has been created to think for us. To research data, store it, assimilate it, paraphrase it, and structure it in detail in the form required by the user. Chat GPT uses web scraping as a tool using automated methods to scan websites, retrieve data and synthesize it to provide the user with a well-grounded assimilation of it. 

It also has a plug-in feature which allows it to interconnect with third-party websites. Chat GPT uses the Bing API which permits two or more computer programs to communicate and uses it to navigate through the web to gather data. It can cite every source so that the user has access to every website it went through.

Students are now using Chat GPT to write their assignments, and even people working in multinational corporations use it to assimilate data and statistics. The need has become so severe that people are now using it to write mail since formatting an e-mail has become such a task.

We are dealing with an entity beyond our understanding. A trillion gigabytes of data, endless information at the fingertips of this AI. The majesty of the human brain is undeniable, but can the brain possibly compete with an AI whose brain we can potentially attribute to the entire internet?

There is nothing stopping companies from permanently resorting to using AI to achieve profitability. The wheel is already set in motion, just in the month of July of 2022, the founder and CEO of e-commerce firm Dukaan, Suumit Shah took to X(formerly called Twitter) to announce that 90% of the customer crew of his company has been replaced by an AI chatbot.

He added that the response time has dropped from a whopping two hours to just three minutes and the cost related to customer care was brought down by 85%.

Being sentient beings, our species has evolved beyond belief. We have the privilege to read or write anything we desire in detail, and we can preserve our beliefs for future generations. The world today is obsessed with taking the easy way out because of how fast-paced society has become.

In the past writers, and documentarians from all over the globe went to great lengths to collect, assimilate, and structure data. People spent years trying to extract the information necessary, going through extensive bodies of work, scriptures, research papers, articles, books, speeches, and various other documents. 

They did this all to keep the populace aware of world events, to provide them with entertainment or even just writing for fun.

At the centre of it all remains effort, and creativity. However, now there is an entity that can produce material in a matter of seconds, in turn reducing the effort we put in to educate ourselves, leading to the inevitable culmination of creativity.

Without creativity, our credibility to commit to the task will be put to the test. Our skills may fall short in the face of Artificial Intelligence. Looking at journalism and writing as an example, will man be able to make the effort and hold on to creativity?

 

The problem is that if our mind isn’t put to work, and is given constant chances to escape effort, it will lead to the impotency of the human brain. If the students of today use interfaces as a loophole to avoid the task at hand, the pattern will spread and over the course of time, it is bound to become a habit. 

In the near future, resorting to Artificial Intelligence will become the norm, just as relying on machinery, technology, and the internet became the social norm.

The facts are displayed in front of us very clearly. Humanity must be able to spot the pattern otherwise all we can do is sit back and watch our own downfall. Companies will always vouch for their profitability and benefit. It will be difficult to hold on to reality as we know it. 

There will be no jobs left for man if we accept and allow AI to become a part of our lives and the social norm. The progress of Artificial intelligence must be put to a stop or at least slowed for the preservation of the future of upcoming generations.

Resources

https://botpress.com/blog/does-chatgpt-save-data#:~:text=So%2C%20where%20does%20ChatGPT%20get,stores%20it%20in%20its%20database.

https://cointelegraph.com/news/chatgpt-can-now-access-the-internet-with-new-openai-plugins#:~:text=Join%20us%20on%20social%20networks,introduced%20by%20its%20creator,%20OpenAI

https://www.ncbi.nlm.nih.gov/books/NBK231624/#:~:text=In%20evolutionary%20terms%2C%20if%20objective,off%20from%20the%20lesser%20apes.

https://www.ndtv.com/india-news/dukaan-ceo-replaces-90-of-customer-support-staff-with-ai-chatbot-internet-angry-4197641#pfrom-instagram

https://cointelegraph.com/news/chatgpt-can-now-access-the-internet-with-new-openai-plugins#:~:text=Join%20us%20on%20social%20networks,introduced%20by%20its%20creator,%20OpenAI.

Images

https://feeds.abplive.com/onecms/images/uploaded-images/2023/05/18/48a0f3031002ea28e4913062116ef0381684423930331324_original.jpg?impolicy=abp_cdn&imwidth=650

https://cepr.org/sites/default/files/styles/16_9_small/public/voxeu-cover-image/Hartmann_Maschinenhalle_1868_%252801%2529.jpg?itok=dxF3XNKc

https://images.inc.com/uploaded_files/image/1920×1080/getty_910319072_387225.jpg

https://miro.medium.com/v2/resize:fit:1168/0*bb87estJQdKJTiqf.jpeg

Most asked questions

When was the World Wide Web made accessible to the public?

How AI chatbots are profiting companies and businesses?

How AI will lead to the decline of human aptitude?

Most searched queries

Bing API

ChatGPT

Artificial Intelligence

Gigabytes

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For more such amazing articles and research on technology follow Digilah industry leaders and students researchers .

 

Categories
Space Res

Exploring the Cosmos: Technology, AI

Written by Vishnu Jain on Digilah (Student Tech Research).

About me: 

I am Vishnu Jain, Metallurgy & Material Engineering student at IIT Roorkee. I am fascinated by the intersection of technology and space exploration. Space exploration is one of the most important challenges of our time, and I am excited to be a part of the generation that will make life beyond Earth into a reality.

Buckle up, fellow adventurers, for a cosmic expedition like no other. In this era of rapid technological progress, we find ourselves standing on the precipice of discovery, armed with tools that redefine the possibilities of space exploration.

Guided by the audacious vision of the youth, we chart a course towards the unknown, propelled by the synergy of Technology and AI. Together, let us embark on a cosmic odyssey, where technology and AI illuminate the path to enlightenment.

Image credit:  photos by Vecteezy

In our relentless quest for knowledge, technology has emerged as our trusty companion, unlocking the door to celestial mysteries. 

But now, with the integration of AI, we possess an extraordinary tool that revolutionizes the way we explore space. AI algorithms have become the astrophysicists’ secret weapon, capable of sifting through mind-boggling amounts of data collected by telescopes, rovers, and space probes. 

They unveil patterns hidden in the cosmic tapestry, unravel complex phenomena, and provide us with invaluable insights.

As we gaze into the abyss of space, we begin to ponder the enigmatic concept of time complexity. Is time merely a dimension that governs our existence, or can it hold the key to unravelling the universe’s deepest secrets? 

Here, the marriage of technology, AI, and time complexity ignites our curiosity and fuels our exploration. Through simulations and computational models, we are daring to push the boundaries of our understanding, transcending the confines of space and time.

Since the dawn of time, humans have yearned to reach for the stars. Today, propelled by technology and AI, we find ourselves on the cusp of turning this dream into reality. 

Private space exploration companies like SpaceX, Blue Origin, and Virgin Galactic are redefining the possibilities of space travel. Their audacious vision spans from colonizing Mars to embarking on interstellar voyages. 

This generation’s visionaries are determined to make space travel a thrilling and accessible adventure for all, rewriting the pages of history with each successful launch.

Go through these websites as they are going to blew up your mind!

ISRO Space Exploration       

Space Travel Virgin Galactic     

NASA Telescope

As our knowledge of the cosmos expands, so does our longing to explore its furthest reaches. Breakthrough initiatives like the ambitious breakthrough Starshot project are leading the charge towards interstellar exploration. 

Miniature spacecraft propelled by laser beams may soon traverse the immense distances between neighboring star systems, fueled by technology and guided by AI. 

This is the frontier where human imagination dances with the stars—a realm where technology and AI are our guiding lights.

Fact: Did you know that advancements in technology and AI have enabled scientists to detect over 4,000 exoplanets, each one a tantalizing glimpse into the potential for life beyond our own?

**Image credit: Free Stock photos by Vecteezy

In a recent breakthrough, researchers at NASA utilized AI algorithms to analyze deep-space images and discovered an entirely new class of galaxies, unseen and unimagined before. 

This groundbreaking revelation has fundamentally reshaped our understanding of the cosmos and opened a new chapter in astronomical exploration.

At the forefront of humanity’s quest for cosmic enlightenment, NASA and ISRO stand as beacons of innovation, blazing trails into the unknown. 

Their technological prowess and visionary endeavors have yielded remarkable discoveries and paved the way for future generations of explorers. 

From NASA’s game-changing Hubble Space Telescope, which revolutionized our understanding of the cosmos, to ISRO’s Mars Orbiter Mission, which made India the first Asian nation to reach the Red Planet, these space agencies have propelled us to new frontiers.

Nowadays private companies are easing space mission by deploying AI. Neurala is a company that uses AI to help spacecraft navigate and avoid obstacles. 

Their technology has been used by NASA and other space agencies to help them safely explore the solar system. 

Exo-Space is a company that uses AI to analyze satellite imagery. Their technology can be used to track space debris, monitor weather patterns, and even identify potential landing sites for future missions.

The universe beckons us, and the youth’s vision of a future intertwined with technology and AI has become an unstoppable force. 

So, let us embrace this journey, knowing that the future belongs to the fearless minds and audacious dreams of the youth, guided by the transformative power of Technology and AI.

**Image credit: photos by Vecteezy

As we push the boundaries of space exploration, we encounter formidable challenges such as limited fuel resources and the constraints of time.

However, technological advancements offer promising solutions to these obstacles. Breakthrough propulsion systems, like ion engines and solar sails, provide efficient and sustainable alternatives, while AI-guided autonomy ensures optimal resource management and real-time decision-making. 

To conclude with the synergy of technology, AI, and human ingenuity, we stand poised on the precipice of a future where space exploration knows no bounds, where fuel scarcity and time constraints are conquered, and where the cosmos becomes our playground for discovery.

Most asked questions

What are exoplanets?

Can deep-space images be analyzed using AI?

Most searched queries

ISRO

SpaceX

AI

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AI Tech Sustainability Tech

From Dirt to Dish: Rethinking Food Production and Consumption 🍽🔥

Written by Marcus Parade on Digilah (Tech Thought Leadership)

𝐋𝐞𝐭 𝐮𝐬 𝐢𝐦𝐚𝐠𝐢𝐧𝐞 𝐰𝐞 have over 8 billion gorilla’s 🦍🦍 living on our planet – would you say we have an overpopulation of gorillas?

As I find overpopulation very visible on our planet, the question arises, how can we feed all our people more sustainable, if our population worldwide is estimated by the UNO to be around 10 billion by the year 2050?

𝐃𝐞𝐟𝐨𝐫𝐞𝐬𝐭𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐟𝐨𝐨𝐝:

𝐈 𝐰𝐚𝐬 𝐰𝐚𝐥𝐤𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐚 dear 𝐟𝐫𝐢𝐞𝐧𝐝 strolling through endless acres of golden cornfields stretching as far as the eye can see 🌽🌽

He said: “Oh Marcus, it feels so nice to be outside here in lovely nature?!”

I also love walking along golden cornfields and yet the fields feel to me only partly being in nature. Putting it baldly, we were also walking in simple production fields for farming products. We didn’t see animals nor insects.

🌲🌴 𝐃𝐞𝐟𝐨𝐫𝐞𝐬𝐭𝐚𝐭𝐢𝐨𝐧 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 going on steadily since the last 10.000 years and an end is not in sight. The crazy race for more farmland, driven by climate change and an ever-growing population, is a ticking time bomb that is likely to trigger ecological collapse on a global scale.

1st. circle is from 10.000 years ago. 2nd. circle from 300 years ago. 3rd. circle from 5 years ago.

The question is, how do we feed all people, as further deforestation for more farmlands can in my opinion not be the solution.

In turn, around 1/3 of all food produced for human consumption in the world is lost or wasted every year. Where does it all go?

It is lost during production or wasted at the consumer level. At the same time around 10 % of our world population are starving.

𝐖𝐡𝐚𝐭 𝐜𝐚𝐧 𝐰𝐞 𝐝𝐨 𝐛𝐞𝐭𝐭𝐞𝐫?

We can change our consumer behaviour, as the production such as for meat needs 𝐄𝐍𝐎𝐑𝐌𝐎𝐔𝐒 amounts of more energy, water, space as well as emissions into our atmosphere. AND, less than only 20% of our worldwide farmlands are used for the direct consumption by us humans.

A staggering 80% of our planet’s farmland is devoted to livestock feed, biofuels, and other non-food crops, leaving precious little for direct human consumption.

𝐖𝐞 𝐧𝐞𝐞𝐝 𝐛𝐞𝐭𝐭𝐞𝐫 𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐢𝐞𝐬 𝐢𝐧 𝐨𝐮𝐫 𝐟𝐨𝐨𝐝 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐚𝐭 𝐚𝐥𝐥 𝐥𝐞𝐯𝐞𝐥𝐬.

New agricultural technologies can be game changers such as:

1.💦💧 More precise watering solutions directly reaching the roots

2. 🚜🛰 Better efficient machines with more precision farming

3. 🌱☣ Biotechnology with genetic modification of plants to protect them better and produce more. 𝐈𝐧 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧 bacteria can be created producing nutrients like proteins.

4. 💡🎲 Use of AI (artificial intelligence):

AI-powered 𝐝𝐫𝐨𝐧𝐞𝐬 𝐚𝐧𝐝 𝐫𝐨𝐛𝐨𝐭𝐬 🤖 𝐜𝐚𝐧 𝐛𝐞 your farm’s new best friends – they collect real-time data on crop yields, plant health, and soil moisture levels. It’s like having a personal assistant who knows everything about your plants.

Self-driving tractors 🚜 and drones can be equipped with 𝐀𝐈-𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐬𝐞𝐧𝐬𝐨𝐫𝐬 𝐭𝐨 optimize crop planting, fertilizing, and harvesting. With their precision and efficiency, they can help reduce labour costs and increase productivity.

AI can be like the ultimate 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐝𝐞𝐭𝐞𝐜𝐭𝐢𝐯𝐞 🕵. It can analyse all data from the very beginning up to table to help optimize logistics and reduce waste. It’s like having a personal assistant who knows everything about your plants and how they travel to us.

When it comes to crop monitoring, AI has a 𝐞𝐚𝐠𝐥𝐞 𝐞𝐲𝐞 👁👁 that even most farmers can’t beat.. AI peering deep into the heart 💚 of crops to detect even the slightest signs of disease or pests, empowering farmers to take proactive measures and safeguard their precious yields.

Around 70% of our freshwater is frozen, around 29% is groundwater and the rest is surface water. Source of chart: Netafim

𝐀𝐧𝐝 𝐰𝐢𝐥𝐥 𝐭𝐡𝐢𝐬 𝐛𝐞 𝐞𝐧𝐨𝐮𝐠𝐡?

Improving the production of food on our planet Earth 🌏 is a complex issue that involves various stakeholders including farmers, governments, researchers, and consumers.

While overpopulation remains one of our main challenges is the production of our food a central challenges for our common future of our climate and us humans.

Let’s embrace our future and change for better sustainability and life. 💛🌹🌞

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AI Tech

ChatGPT and Generative AI’s – A Digilah view

Written by Vidya Dhareshwar on Digilah (Tech Thought Leadership)

Chatgpt, Bard AI and all the generative AI seems to be the current flavour. There is an insurmountable buzz around and about it . 

Everyone has an opinion on its impact and the ways that it can change, how we and our future generations engage with and use tech in our daily lives.

Whilst there have been many concerns on its impact on search engines, students, jobs and livelihoods, the fact remains that this evolution has happened and is here to stay.

ChatGPT alone has been the fastest growing consumer internet app ever with over 100 million users two months after launch. This itself shows the vast potential of generative AI.

 Just as life evolves, so does technology and yet this revolutionary technology doesn’t take away from human intelligence instead it is trained to learn what humans mean when they ask a question. 

Many users are awed at its ability to provide human-quality responses, inspiring the feeling that it may eventually have the power to disrupt how humans interact with computers and change how information is retrieved.

In the context of Digilah, where we like to provide a digital platform for every tech enthusiast to learn and contribute their tech journey and thought leadership, we view chatGPT, Bard AI and all other generative AI’s as an enabler and an opportunity for many of our start up and tech founders to share their learnings.

Let’s talk about the tech startup market in South East Asia alone. As per a Forbes article, The digital and tech industries of this region have enjoyed an enormous boom over the last few years. 

According to Jungle Ventures, Southeast Asia’s technology startups had a combined valuation of $340 billion in 2020, and they anticipate this will triple by 2025.

This is a diverse but very strong prospective market with a focus in Vietnam, Thailand, Indonesia, Malaysia, Singapore and the Philippines.

This market is quite complicated. Many entrepreneurs are hindered by concerns over a difference in mentality and a lack of understanding of how to do business there. We @ Digilah look at this as a huge opportunity.

There is a need to get all of the learnings and journeys of these startups and founders so that this rich knowledge repertoire is available to all. 

Many of them would like to share their journeys and provide their insights but sometimes are busy learning and navigating the markets and business challenges and for some it might also mean a constraint in terms of resources and skills to share their journeys be it content creation or communication skills or just time.

We present the combined power of Human Experience with the generative AI’s in the form of articles published by us at Digilah. Our submission is to use the vast reach of the generative AI tools to start the journey.

What this tech will do is provide for a framework, a skeleton, a structure of an article , a startup founders journey as a start point. This can then be brought to life by adding the content  and context of experience, leadership, success, failures and insights by the tech founders.

These articles are extremely valuable and become a  rich database of insight and knowledge for all knowledge seekers today and for the future.

In short, in our view, ChatGPT, Bard AI AND Human Experience is the opportunity to build the knowledge here at Digilah, all at the click of a key.

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Sustainability Tech

IoT For Sustainability

Written by – Agrim Nagrani on Digilah (Tech Thought Leadership)

The current fast paced world is creating new opportunities for growth every day. With emerging technology and an interconnected world via IoT, there is always room to create a new market and provide solutions for growth of older ones to create a more technologically advanced society. 

The fourth industrial revolution, more commonly referred to as Industry 4.0, is characterised by the use of smart technology developed by a combination of Machine Learning, Artificial Intelligence, Cloud Computing and Internet of Things, to analyse data in order to increase efficiency and user satisfaction.

The creation of smart factories and machines, opens up a realm of possibilities, providing for solutions in Manufacturing, supply chain management, modernising enterprise applications, edge computing, smart systems, 5G and many more. 

What exactly is Industry 4.0?

In a most generic way, Industry 4.0 describes a rapid shift to the use of automation and data exchange in technology and manufacturing processes, creating a system where machines rely on wireless connectivity and data analysis to monitor and process statistics and data to make autonomous decisions.

With the availability of affordable edge infrastructure and advanced connectivity technologies, Industry 4.0 has become increasingly mainstream, taking hold of the traditional manufacturing system and   completely revolutionising it.  

Heavily dependent on IoT, ML and AI, it has paved a way for the next revolution, one guided by robotic automation.

Why is IoT important?

The internet of things (IoT) is a computing concept that describes the idea of the network of physical objects embedded with sensors, software, and other technologies being connected to the internet and being able to identify themselves to other devices.

The data from IoT is important as it creates an improved customer experience, with greater efficiency in production and optimised monitoring and data analyses to further industrial growth.

With the changing world, the need for novel solutions is now greater, with more focus being put on the future, especially a self-sustainable one. 

Businesses need to rebrand themselves, or prove themselves to be at the head of the change as reliable information providers in order to keep up with the flow of the tides.

IoT entrepreneurs need a wide range of vision to cater to the needs of the market, both the current and future, and as such the IoT businesses can be generally categorised as core, adjacent or transformational depending on the type of services it provides.

IIOT and Industry 4.0

Industrial IoT or IIoT takes the concept of IoT and applies it on large scale industrial settings with focus on instrumentation and control of devices using cloud computing.

Use of Machine-to-Machine communication to achieve wireless control was a pre-existing working concept, however, with use of cloud computing and machine learning, a new level of automation can be achieved, thus leading to unprecedented growth in revenue and creation of new business models. 

Some of the more common uses of IIoT are: 

  • Smart manufacturing
  • Smart power grids 
  • Smart cities
  • Smart digital supply chains

While IIoT and Industry 4.0 are separate concepts, they do benefit each other and are considered as a set piece when working to increase efficiency in operation via automation.

Industry 4.0 itself is non-existent without IIoT while the concept of IIoT is inefficient without the concept of Industry 4.0 and as such, they share several common agendas.

  • Focus on results and efficiency to streamline production process and make manufacturing viable and cost efficient
  • Both categories heavily depend on high speed wireless communication between smart machines and constant real time monitoring and data analysis.
  • People Driven and requiring constant development and implementation with people capable of interpreting data to further innovate on faster efficient processes

Benefits of IIoT

Maximising revenue – By eliminating unplanned downtime and getting to market faster, improve revenue growth

Lower operational costs – Interconnected machines and industrial data boosts productivity while lowering cost of production

Improved Quality – Market analysis and monitoring via an interconnected system improves efficiency and quality of service/product

Creating a Brand

With the vast domain that is IoT, it is difficult to find a niche to hold onto and create a business model surrounding it.

In order to keep up with the booming growth, there is a need for constant influx of novel ideas and sharing information in order to create a brand image that is credible and also due to the recent nature of all developments and a lack of general awareness, it may be difficult to provide both efficiency and sustainability.

This is where IoTAGI comes in, enabling access to technology and partnering with Industry 4.0 based service providers to curate customised IIoT solutions and help usher in a new era of digitization.

Most searched question 

How IoT can help sustainability?

How will IoT impact sustainability of environment or business?

What impact will IoT have on sustainability?

What is industrial IoT?

Most searched queries

IoT sustainability PDF

Internet of Things environmental impact

IoT for environment

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Edu Tech

AI for Inclusive Education Personalized Learning systems

Written by Dr. Sandeep Bansal on Digilah (Tech Thought Leadership)

Everyone knows that different individuals possess different capabilities, comprehension abilities, problem-solving skills, and hence the learning needs vary across the students of a class with their varying interests, abilities, performance, pre-requisite knowledge, etc.

In order to address such needs, the adaptive/Personalized learning/teaching systems are being worked upon with the involvement of technologies like Artificial Intelligence, Machine Learning etc. These systems provide different learning paths with different paces to different learners based on their needs & performance but they use the same study material for all the learners; though it may be delivered to them at a different pace depending on their needs and performance; while the learners need study material as per their need, capabilities for the same topic. This gives a rise to the need of not only developing different study materials varying with variations in different parameters but developing the machine learning models also which would take care of not only the learning needs being dealt with by today’s system but other needs being discussed further here.  

Countries like India have lots of diversities with respect to language, culture, regions, etc. Such learning systems can play a key role to bring inclusivity in education as we note:  

  • Learners with physical disabilities (Divyang Jan): In India, around 1% of school-going children are children with physical disabilities and need transformation of e-content.
  • Learners with learning disabilities: In India around 5% of the school going children are affected with learning disabilities (dyslexia, dyspraxia, dyscalculia and dysgraphia etc.. Each type of disorder may coexist with another). In such cases also the study material needs transformation.
  • Learners with different socio-cultural identities, socio economic & geographical identities with the needs of study material in different languages, dialect & culture.

The fundamental principles of  NATIONAL EDUCATION POLICY (2020) of Indian Government include –

  • recognizing, identifying, and fostering the unique capabilities of each student
  • focus on regular formative assessment for learning
  • extensive use of technology in teaching and learning, removing language barriers,
  • increasing access for Divyang students, and educational planning and management

Therefore the role of AI based adaptive system delivering the right content at the right time to the learners in personalized manner has a very important role to play. The machine learning models need training data also for their adaption to the different learner’s need with regard to their learning attributes (like some emerging system) & varying needs of different content for the same topic (not common & to be evolved). How it all would work may be understood with a simple architecture of the whole system. The basic building blocks including the content would be as follows:

  1. Artificial Intelligence-based Decision System: This would be the core of the whole system to interface with the front-end i.e. learner’s interface, with the learner’s repository where the learner’s attributes would be stored and with the content repository where the content of different languages, formats, and levels to choose from for the learners would be stored.
  • Learner Interface: It provides the test material to the learners and based on performance captures different attributes of the learners e.g. learning disabilities, problem-solving skills, comprehension abilities, misconceptions, gaps in prerequisite knowledge which are then sent to the “Learner’s Repository” module. The whole process is controlled by the core AI-based Decision system. The interface may be equipped with conversational AI (powered by Natural Language Processing, Speech recognition to interpret the intent of the user and providing smooth interaction with the system) in his/her language.
  1. Content Repository: Different type of content e.g. Content for physical disabilities, Content for learning disabilities (the content of different levels of explanation with a provision of need-based detailing of basics & prerequisites involved in the concept to enable the learner to drill down), The content to address the needs of study material in different languages, dialect & culture etc.
  • Learner’s module: The attributes of the learners captured by the AI system through the learner’s interface would be stored in this repository consisting of attributes of different learners with their respective learning attributes and learning paths to be followed by them.

Learning Path (sub module of learner’s module): To decide on the appropriate learning path for the learner, the system first evaluates the learners with respect to different attributes, different learning issues etc.. For example a learner first needs to understand the concepts of Motion to understand “Simple Harmonic Motion”, then waves, then Light’s concepts, then concepts of reflection & refraction and so on. During assessment of the learner, if it is found by the AI system that the learner is lacking somewhere, the system would advise the learner to go back to the basics.

Content Selection by the Decision system: The content selection logic of the system would take care of the content selection at all stages from the content repository based on different attributes & need of the learners. Based on various factors of the learner’s as summarised below, the AI based system would choose the appropriate content for the learner.

For the proposed system the availability of content for training the models & e-content for the learners in different formats is a bigger challenge. The initiatives of the Government of India e.g. Natural Language Technology Missions (targeting content in Indian languages), guidelines, policies for e-content development (including those for children with special needs) by Ministry of Education, Ministry of Social Justice & Empowerment would play a key role to make such content available. As an outcome a lot of content is expected to be made available in different languages & formats which may be used for such solutions.

Categories
Decision Making Tech

Better than Before: Making sense of data in an age of information overload

Written by Ira Gilani Lal  on Digilah (Tech Thought Leadership)

In a 2016 Harvard Business Review article, Scott Anthony shared some insights from a study on S&P 500 companies:

  • 61-year tenure for average firm in 1958 narrowed to 25 years in 1980 – to 18 years in 2012
  • At current churn rate, 75% of the S&P 500 companies will be replaced by 2027

Business leaders commonly refer to the military acronym VUCA (Volatility, Uncertainty, Complexity, Ambiguity) to describe the world today. The external environment is changing at a rapid pace and companies cannot afford to be caught off guard. How can companies continue to thrive, in this ever-changing external environment? While there are several challenges, and there are also plenty of opportunities. Deep-rooted assumptions hold us back from unlocking this hidden potential.

Today’s information and digital systems are capable of providing a huge amount of data at the click of a button. Most organizations measure a large number of metrics for each business unit, division, department, employee level etc. The underlying assumption is that the more we measure, better we are! Most senior executives are quite familiar with their local measurements (e.g. tons, units produced, order book, number of subscribers etc.) but are ignorant of the overall financial measurements. 

Everyone in the company should understand financials; it is not just for Accounts or Finance function. In most organizations, the top management team does not have a good understanding of Free Cash Flow. In his book, Conspiracy of Fools, Kurt Eichenwald writes that in 2001, just a month before the collapse of Enron, its chairman Kenneth Lay, CEO Jeffery Skilling, and CFO Andrew Fastow did not know that Enron would run out of cash in a matter of weeks!

Dr. Eli Goldratt, author of the best-selling book The Goal, repeatedly emphasized that “Measurements Drive Behavior!”. The purpose of measurements is to take decisions for corrective actions. At the organization level, a few simple parameters are good enough. Timely data and corrective actions can help individuals to connect the dots and see the big picture.

Most companies review performance monthly. This leads to a significant time lag in getting key data or MIS. We recommend a weekly review mechanism with focus on 3-5 key metrics. The objective of the review is only to take decisions for corrective action. The weekly report should be simple and accurate, leaving no room for analysis paralysis, and facilitating effective decision-making.

Increasing digitization of data across the organization has been a key enabler for running the weekly reviews successfully. Companies that have adapted this methodology, provide a very high degree of focus on getting the reports right first time, as soon as the week ends. Many companies have integrated their digital systems (based on ERP such as SAP, Oracle, Tally, Zoho) and provide simple excel based reports and dashboards which can be accessed across devices such as mobile phones or tablets.

During the last two years of the pandemic, there have been lot of uncertainties in supply chain. Moving to a digitally enabled model has allowed these companies to be extremely nimble and agile in their decision making. Several companies have pivoted their business model quickly in order to capitalize on the emerging opportunities in the market. These decisions have been backed by analysis of marketing trends using simple AI and ML based algorithms, dynamic decision making matrix and partnerships across the digital ecosystem.

Technology acceleration has also helped some companies to take specific actions to address business challenges posed by the pandemic. For e.g. to deal with the disruption in logistics, companies have invested in GPS based end to end tracking systems. In manufacturing businesses, use of IOT based sensors has picked up significantly to collect data, and share timely alerts for predictive maintenance.

At Goldratt India, we have been working with Indian companies for over 23 years to help them increase their sales, profit and cash flow by an order of magnitude. Weekly reviews have been the cornerstone of all our engagements. Companies have been able to achieve quantum improvement in performance, just by changing a few metrics and review processes. Some of our learnings are  encapsulated below:

  1. Measure performance weekly instead of monthly
  2. Don’t get stuck in analysis paralysis, focus on corrective actions only
  3. Instead of chasing benchmarks or budgets, always strive to “Better than Before” with respect to own past performance
  4. Monitor plan vs. actual every week: The more our planning improves, the gap between plan vs. actual reduces
  5. Better than Before: Each week, strive to improve upon past 13 week moving average, irrespective of the external environment

Our client JSPL has been practicing these principles for over 5 years and is well on its way to becoming a debt free company. The company has reduced debt by over Rs 25000 crores in the last 4 years.

Short video from the case study presented at TOCICO international conference in USA:

In conversation with Mr. Naveen Jindal, Chairman, JSPL